Inflation, tariffs put the brakes on this gun maker’s sales

2 weeks ago 5

Earnings Results

Consumers are still cautious, Smith & Wesson says

Published: June 18, 2025 at 5:04 p.m. ET

Smith & Wesson booth sign at a trade show.

The Smith & Wesson booth at a trade show. The gun maker said that recent months were “more difficult than we anticipated.” Photo: Ethan Miller/Getty Images

Smith & Wesson Brands Inc. saw a 12% drop in quarterly sales as the gun maker said that “persistent” inflation, high interest rates and tariff uncertainty have plagued the firearms market.

Smith & Wesson shares SWBI dropped more than 13% in the after-hours session Wednesday, after ending the regular trading day up 3.7%.

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Claudia Assis

Claudia Assis is a San Francisco-based reporter for MarketWatch. Follow her on Twitter @ClaudiaAssisMW.

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